In the continuing series on Single Mom Money tips today I’ll share a few banking basics.
1. Join a Credit Union to avoid outrageous bank fees. Your money will earn interest over time.
2. Banks are notorious for nickel and diming people to death. There is a fee for everything from checks to account balances below a certain amount.
3. A credit union may be one available through your employer, your state, or your school. (look for credit union website)
Research, Research for Best Deals
4. Research products or services online for quality and price before purchasing. Before you go out and buy a product or hire someone to do a job for you please, please check online.
5. When you research prices and quality of service you can same much time, effort and possible frustration.
6. Places to go online are Google, Amazon.com, ePinions, Znet.com, Cnet.com and a few others.
7. Get the inside scoop on the quality of a product and to get a good idea about how much it will cost. You can never go wrong with good research.
Samantha A. Gregory is an author, consultant, and speaker. She’s a single-mom lifestyle, money, and parenting expert featured in The Washington Post, The New York Times, Essence Magazine, HuffPost, ABC News, and Mint.com.
Samantha founded the award-winning RichSingleMomma.com™, the first online magazine featuring personal finance, parenting, and personal development content and courses for single moms.
She aims to inspire women who are ready to thrive and not just survive in their single motherhood journey. Connect with her on Instagram @richsinglemomma.
